Progressive Missionary Baptist Church

Analysis

Progressive Missionary Baptist Church is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Progressive Missionary Baptist Church reported income of $366k and spending of $396k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $422k to $366k (-13%), an average of -3.5% a year. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Progressive Missionary Baptist Church sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 70th percentile within TX. Charities of a similar size with the same main cause include Baptist Church Planting Ministry ($366k), Vital Seed Ministries International Inc ($366k) and Pneumatrix ($366k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $28k (7.1% of expenses). Other salaries and wages came to $75k. At year end it held assets of $671k against liabilities of $188k, net assets of $484k. It reported 10 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.